is it going to hit 10$ ?

$TRX /USDT Technical Analysis: Massive Surge with Breakout Potential

$TRX /USDT is trading at 0.3083, up an impressive 41.94% over the last 24 hours, marking a significant breakout. The pair has hit a high of 0.3160, supported by substantial volume, signaling strong bullish momentum.

Key Levels to Watch

Resistance Levels:

1. 0.3160 (24h High) – Immediate resistance; a breakout above this level could further extend the rally.

2. 0.3300 – A psychological and mid-term resistance target for bullish continuation.

3. 0.3500 – Long-term resistance, where profit-taking may occur.

Support Levels:

1. 0.2772 (EMA-7) – Immediate support; holding above this level confirms the bullish trend.

2. 0.2322 (EMA-25) – Strong support; a pullback to this level could indicate consolidation.

3. 0.2163 (24h Low) – Major support; a breakdown below this level would suggest a reversal.

Trade Setup

Bullish Scenario: A breakout above 0.3160 could target 0.3300 and 0.3500. Place a stop loss at 0.2772 to manage risk.

Bearish Scenario: If TRX drops below 0.2772, expect retracement to 0.2322 or 0.2163. Place a stop loss above 0.3160 for short positions.

⚠️ Note: The sharp rally is supported by high trading volume, but traders should watch for potential corrections near resistance levels. Risk management is critical during volatile movements.

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